The global LED chips market is estimated to be $8,536 million by 2014, growing at a CAGR of 22% from 2009 to 2014. The market is primarily driven by the development of new applications such as LED backlighting in LCD panels, especially in televisions, and the other advantages of LED chips such as low operating cost. In addition, government initiatives and the growing interest from the consumer electronics industry in newer manufacturing technologies are further fuelling market growth. However, LED chips are expected to be in short supply for next two years due to shortage in supply of manufacturing tools.
LED chip applications comprise backlighting, general illumination, automotive, and signs and signals. The report also offers a color-wise analysis of the LED chip market, with blue LED chips accounting for the major market share. Market players are focusing on new product launches, product upgrades, and service development to enhance their commercial portfolios. Strategic collaborations among companies are also increasing in order to obtain better technologies and enhance customer base.
This analyst briefing focuses on the global LED chips market over the period 2009-2014. The agenda for the briefing includes a discussion on key high-growth markets, and on the growth trends in the various application markets. Furthermore, a briefing will be also conducted on the market’s competitive scenario, geographic opportunities, and the major trends in the macro- and micro-markets in North America, Europe, APAC (Asia Pacific) & ROW (Rest of the World).
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